Fedrigoni Sees 17% Sales Increase for Self-Adhesives and Labels Business Unit in First Nine Months of 2021
The company reports that it is implementing a strategic plan, focusing on expanding its global presence and broadening and differentiating its offering.
Fedrigoni Group recently announced its financial results for the first nine months of 2021. The group achieved a turnover of almost €1.2 billion (approximately $1.4 billion) compared to the €974.4 million (~ $1.1 billion) for the first nine months of 2020, an increase of 18.5%.
Both business lines saw increased results for the 2021 nine months. In the Self-Adhesives/Labels business unit, sales grew 17%, despite an already favorable 2020. The Premium Paper business unit saw a 23% increase, due in particular to the strong performance of the specialty papers for luxury packaging.